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Startups in Cambridge

At Libra Solicitors, we understand business and we are committed to using our knowledge and technical knowhow to help your business achieve its goals. Based in Cambridge which, amongst other things, is renowned as a centre for academic excellence, scientific and technical innovation and startups, we are ideally located to advise both locally and throughout England. For a confidential discussion about your business needs call us on 01223 632420 and arrange an appointment. We look forward to speaking to you. 

Whatever type of business you are thinking about setting up, we know that there is a lot to consider and getting the basics right from the start could be crucial. It may be tempting to avoid the additional cost of obtaining legal advice when starting a business, but in the longer term not doing so could prove more costly.

We believe that knowing what your options are will help you make the right decisions from the start and our expertise could assist you in building a strong foundation for your business.

We appreciate that your business is unique and that your concerns are too. That is why the services we provide, should you decide to instruct us, will be tailored to your individual needs. As your business grows, we will also be there to support you every step of the way, giving you clear, practical advice whenever you need it.

Key issues to consider

Whether you need guidance in developing the business structure, drafting commercial agreements, advice as to how regulations might affect your business, or another business issue, we can help. Below is a non-exhaustive list of issues that we believe you should consider.

Business structures

You should be aware that one business structure may particularly suit your business more than another. However, how you decide to set up your organisation is essentially up to you. For example, you could set your business up as a sole trader, or as a partnership if you want to set up the business with someone else. You may even want to set up as a limited liability partnership.

We suggest that you consider at length the merits of each business structure and only then make an informed decision. For a confidential discussion about your business needs call us on 01223 632420. We look forward to speaking to you.

Intellectual property

Intellectual property (IP) law can appear complex. Don’t be put off.  In respect of your business, IP can have value and should be considered an asset. At Libra Solicitors, we will explain in clear, concise language, what IP rights exist in your business, so you can make informed decisions. After all, how you use and protect your IP could be pivotal to the success of your business.

Whether your business has a recipe for a new type of cake or a revolutionary technological design, our expertise could help you unlock the true value of your intellectual property, and help you limit infringement. Should your rights be infringed, we can advise you in respect of both civil litigation and criminal prosecutions as a method of enforcement and where necessary, we can provide representation.

For a confidential discussion in respect of trademarks, patents, copyright or licencing, call us on 01223 632420 and arrange an appointment. At Libra Solicitors, we can help you realise the rewards that your creativity deserves.

We can help your

business achieve lift-off.

contact us today to find out more

Data protection

Data protection is a key issue with which any new business should be concerned. For some types of business, such as those involving online sales through card payments, the need to protect the personal data of customers is of crucial importance and is required by law.

Compliance is policed by the Information Commissioner’s Office which have the power to prosecute and impose financial penalties for non-compliance.

We suggest therefore, that whichever business sector you are in, it would be prudent to check which mandatory safeguards you have to implement and which requirements you have to comply with to ensure you do not breach.

At Libra Solicitors, we can assist you with data protection compliance and help you implement an effective privacy policy. In addition, if you are an existing business, we can review your existing privacy policies and ensure that you remain ‘current’ in respect of this continually changing area of law.

For a confidential discussion about your business needs, call us on 01223 632420 and arrange an appointment. We look forward to hearing from you.

Partnership agreements

If you have decided on a partnership structure to start or run your business, you should give serious consideration to implementing a written partnership agreement. A written partnership agreement can provide the framework in which the business will operate and could reduce the potential for disagreement between partners. It is in the partnership agreement that, amongst other things, the rights and obligations of each partner, can be clarified and recorded.

At Libra Solicitors, we understand partnership agreements and our expertise could help you. If you believe that your current partnership agreement does not properly deal with important issues or protect your interests, we can review it and check that it covers the key information you think it should contain. Should you require a new agreement, we will draft a partnership agreement that is tailored to your individual needs.

The provisions of a partnership agreement can vary considerably from business to business. However, an effective partnership agreement should properly deal with key issues such as ownership and profit-sharing percentages for each partner, and provide a process for resolving partnership disputes.

We could also help you if you are contemplating civil litigation in respect of a breach of a partnership agreement and are not sure how to proceed. Call us today and arrange an appointment and once we have considered the issues, we will advise you accordingly. It may be possible that the breach could be remedied without the need for litigation through the use of alternative dispute resolution.

If you have any questions about whether a partnership structure is suitable for your startup business, or if you are involved in a partnership dispute and require expert advice on your options, call us now on 01223 632420  and let us see how we can help you.

Shareholder agreements

We believe it would be prudent to have a shareholders agreement in any situation where there is more than one shareholder in a business, as a well drafted shareholder agreement could help avoid disputes between the shareholders themselves. Amongst other things, it will also contain provisions that set out the process to resolve any disputes that occur.

For a shareholder agreement to be properly effective, provision must be made to deal with key issues such as the transfer of shares, the right of a shareholder to veto and shareholder voting tights. A provision that deals with the different aspects of possible conditions of sale or disposal in respect of the shares themselves, should also be considered.

Should you want us to examine your current agreement to determine its capacity to protect your interests in a business, we will review your existing agreement to check that whether it does. If it does not we will give you clear, practical advice you can use to implement any necessary changes.

We can also draft agreements that are tailored to your individual needs and will provide you with the structure and protection you require.

If there are issues and you are contemplating litigation in respect of a breach of a shareholder agreement and are not sure how to proceed, our expertise could help you. Call us now and arrange an appointment. Once we have considered the issues, we will advise you accordingly. It may be possible that the breach could be remedied without the need for litigation through the use of an alternative dispute resolution process.

For a confidential discussion in respect of whether a shareholder agreement would be beneficial to your start up business, or if you are involved in a shareholder dispute and require expert advice on your options, call us now on 01223 632420 and arrange an appointment.

Sector Regulation

Whichever sector your business is in, whether is retail, IT, bio-tech, food or another sector, there may be mandatory regulations that your business must comply with, for example in respect of data protection or health and safety. The law regulating each sector will more than likely change over time, so it is important to ensure that your business is aware of any changes and is correctly applying up-to-date industry regulations.

It is also important to remember that a failure to comply with the regulations that apply to your business could lead to civil sanctions being imposed, or a criminal prosecution being pursued. At Libra Solicitors, we can advise and represent you in respect of both civil and criminal investigations.

So whether you require our assistance in setting up an effective regulatory compliance regime, or if you are facing a regulatory investigation for mistakes that may have already been made, our expertise could help you. For a confidential discussion about the issues that may be concerning you. Call us today on 01223 632420 and arrange an appointment.

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Contracts

At Libra Solicitors, we can help ensure that your business is operating with effective contracts that meet your commercial needs.  If you would like us to advise you in respect of contract negotiation, review your existing contracts to unlock hidden potential, or to assist you in drafting specific contract terms so that your business needs are met, contact us today.

Whether your business is a startup, or has been in business for decades, it is likely you will enter contracts with other businesses or individuals. At Libra Solicitors, we believe that an effective contract will significantly contribute towards business profitability and will help avoid costly disputes.

We also believe that properly drafted contracts and business documents, such as partnership agreements, should be considered as important building blocks that could provide a solid foundation and lasting stability, which in turn could provide for a successful business.

We recognise that whether your business contracts with a customer or a supplier of goods or services, it is imperative that the contracts your business relies on have been clearly thought through and where possible, properly negotiated. Your contracts should always contain the right provisions to ensure that the objectives of your business are met.

It may be tempting to avoid the additional cost of obtaining legal advice when starting a business, but in the longer term not doing so could prove more costly. Poorly drafted contracts could for example, leave your business exposed to significant risks that can undermine stability and profitability. For a confidential discussion about your contract needs, call us on 01223 632420.

Terms and conditions

Whatever the nature of your business, terms and conditions are an important part of the contracting process. Whether you are using your own contracts, or relying on those of another business, it is essential that you ensure that you are satisfied that the terms and conditions in the contract you are committing your business to, suit your business needs.

Knowing what you want to achieve through the contract is important. However, knowing what your options are so that you can reach your objectives, could be crucial.

At Libra Solicitors, we are committed to giving you clear advice so you can make informed decisions and the right choices for your business. We can advise you in respect of strategic planning and assist you with contract negotiation. We can also draft terms and conditions tailored specifically to your unique business needs and help safeguard the limits of your contractual liability. You should note however, you cannot exclude liability for death or personal injury caused by your negligence.

In addition, we can advise you in respect of any legal obligations you might have, if, for example, you trade with consumers through the internet, or if you contract with other businesses. At Libra Solicitors, we believe that identifying what you are obliged to do and then carrying out implementation, will help your business maintains its good reputation and help ensure that the risk of liability is limited.

In a dispute that results in litigation, the terms of business document will be one of the documents the court carefully considers. If it has serious flaws that could be attributable to you, it may well damage your chances of defending your interests.

For a confidential discussion and clear, practical advice that you can use in respect of your business, call us now on 01223 632420 and arrange an appointment.

Our reputation drives our business

“Excellent service and first class advice. Very efficient and I would definitely recommend.”

“Showed a genuine level of empathy and respect which made all the difference in the most distressing weeks of my life.”

“I could not have wished for a better outcome. I was extremely worried about going to prison.
You handled my case with exceptional professionalism. Thank you very much.”

“I was regularly informed of progress with regular communication.
Highly satisfied with service and received the best possible outcome”

“I felt I was in the best possible hands, their knowledge and care made all the difference.”

Our reputation drives our business

“I felt I was in the best possible hands, their knowledge and care made all the difference.”

“I was regularly informed of progress with regular communication.
Highly satisfied with service and received the best possible outcome”

“I could not have wished for a better outcome. I was extremely worried about going to prison.
You handled my case with exceptional professionalism. Thank you very much.”

“Showed a genuine level of empathy and respect which made all the difference in the most distressing weeks of my life.”

“Excellent service and first class advice. Very efficient and I would definitely recommend.”

We can help your

business achieve lift-off.

contact us today to find out more

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